Here is the near term outlook based on charting the cycles: Take a look:
The 7 day cycle should have just topped. The 21 day cycle is 4-5 days from a top. So you have the 7 day cycle ready to turn down as the 21 day cycle continues up.
Given this scenario, one should expect the next 3-4 days to be sideways ($1-1.50 range) and move sideways. By the end of next week one should expect BBT to sell off again ($3-4?).
Whatever happend to our chart expert FrancisLewis? Maybe he could give us a read on the chart. Wasn't he telling us at $13 BB&T was headed lower? Too funny.
boat, thanks so much for the education re inlets. although i am sure i have much more experience in boating by way of age and operation. i have run boats from the mississippi river thru all the great lakes except superior down to Morehead City. from cape cod to the west coast of florida and even your lake norman. the popular definition of an inlet would be a narrow water passage between islands or peninsulas and leading inland from a larger body of water. in boating they would be navigable inlets you refer to on lakes are usually call fjords.
For those who don't understand the meaning of inlet here is the definition:
in·let (nlt, -lt) KEY
A recess, such as a bay or cove, along a coast.
Now here is a map of Lake Norman - the largest lake in NC(you decide if it has coves or inlets):
<a href="http://www.duke-energy.com/lakes/facts-and-maps/lake-norman.asp" rel="nofollow">http://www.duke-energy.com/lakes/facts-and-maps/lake-norman.asp</a>
I rest my case.
Your're an expert on all the lakes in NC and SC? Good for you.
As I recall Lake Thruman has an inlet that extends up near Clemson, SC. There are lots of little inlets/coves on Lake Norman. Lake Marion near Columbia has its share of coves and inlets.
Navigable is a "subjective" thing depending on the size of your boat. Since I do not live near Cherry Grove I am not sure if it is an Inlet or not. Maybe someone from th MB area can clear that up. From what a friend who used to live there told me it sounded like an inlet with lowland that floods during high tides.
You have now totally bored me with you lack of knowledge so I will be responding to no more of your BS.
Cherry grove is not a county. litle river is the closes navigable inlet. high rock and norman have very few navigable inlets. mainly where the rivers enter the lakes. mostly dams on the south ends which would be outlets.
As I recall Cherry Grove just north of MB is an inlet. That gives you a "g" for Grove. :>) Where did you come up with "g" anyway? Nice try boys.
You are assuming the inlet is a coastal inlet. Let me assure there are lots of inlets on Lake Thurman or Lake Norman or High Rock Lake ... Or, did you forget about them?
I like the coast OK, but too many tourists in the summer and I don't like tourists. They are rude, noisy and disturb one's peace and serenity.